Canada Pension Plan Investment Board Takes $2.06 Billion Position in Viking Holdings Ltd (NYSE:VIK)

Canada Pension Plan Investment Board bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,809,642 shares of the company’s stock, valued at approximately $2,063,879,000. Viking comprises 2.0% of Canada Pension Plan Investment Board’s portfolio, making the stock its 6th biggest holding. Canada Pension Plan Investment Board owned approximately 14.09% of Viking as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Viking in the second quarter worth approximately $2,226,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viking during the 2nd quarter valued at $11,685,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Viking during the 2nd quarter valued at $1,004,000. Lisanti Capital Growth LLC purchased a new position in shares of Viking in the 2nd quarter worth $1,597,000. Finally, Ovata Capital Management Ltd purchased a new position in shares of Viking in the 2nd quarter worth $2,546,000.

Analysts Set New Price Targets

Several equities research analysts have commented on VIK shares. Truist Financial assumed coverage on Viking in a research note on Friday, June 21st. They set a “hold” rating and a $38.00 price target for the company. HSBC began coverage on shares of Viking in a research report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Morgan Stanley increased their price target on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. Finally, UBS Group started coverage on Viking in a research note on Tuesday, May 28th. They set a “buy” rating and a $35.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $37.17.

Viking Stock Performance

NYSE:VIK opened at $33.91 on Friday. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $37.25. The stock has a 50-day simple moving average of $34.20.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities research analysts predict that Viking Holdings Ltd will post 1.14 earnings per share for the current year.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.